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Bitcoin Price Tries to Correct, BTC Trading at Nearly $5,800

These days, the BTC is trying to correct after stressful sales. On Thursday, March 19th, the key cryptocurrency is trading at $5800, growing 11%.By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.Bitcoin price tech analysisBinance will not let the BTC rate fall to zeroMore and more opinions are voiced about the potential of the BTC fallingThe decision of the Fed to decrease the rate supported the BTC but not for longOn W1, the Bitcoin is realizing our monthly expectations of its decline. The...

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Ripple Partners with DeeMoney to Power Faster and Cheaper Cross-Border Money Transfers

Ripple’s partnership with DeeMoney is set to enter the second phase. DeeMoney is currently the only fintech firm with a funds transfer license from the Thai Central Bank.The partnership between Ripple and DeeMoney is entering a new phase. Sources say that the remittance blockchain company indicated this in a press release yesterday. The new partnership will allow Thais to remit funds to their homeland at cheaper rates. This comes as Ripple Labs Inc, that widely uses XRP in its solutions, is...

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Bitcoin Price Rises More Than 11% to $5,800 while Hash Rate Decreases

Since the day’s beginning, Bitcoin price gained slowly, setting the 35% record on a weekly scale. On March 19, Bitcoin gains more than 10%, setting a positive trend for the market.Bitcoin price and the hash rate were falling during the last week. Today, the price bounced, setting a 6 days record since March 13. BTC price has added more than 11% and reached $5,800. Back then, Bitcoin made a quick dive to $4,000 and below. The analysts were not expecting such a sharp move reverse, with many of...

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Bitcoin Options Trading Records All-Time Low On CME And Sees No Action On Bakkt

Days after the significant volatility and Bitcoin price declines, Bitcoin Options trading volume on regulated exchanges sees record-breaking lows. While CME’s Options platform recently hit its all-time low level, Bakkt’s situation is even worse without any action for weeks.CME’s Bitcoin Options Volume ATLIn the middle of March, the cryptocurrency market, along with most financial markets, plunged amid the outbreak of the novel COVID-19 virus. In just a day, Bitcoin’s price dropped by...

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Road to Efficient Cross-Border Payment Network

Both merchants and end-users of STICPAY can transfer funds across borders via an e-wallet service that offers a viable alternative to the flawed cross-border payment solutions.Cross-border transactions play a crucial role in the payment industry as the world economy is becoming progressively interconnected and global.The global remittance market’s growth is a decent indicator of the above-mentioned. According to a recent report, the revenue of cross-border transactions could nearly double in...

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Amid The Financial Crisis: Huobi Launches A Wall Street-Like Circuit Breaker To Hedge Against Volatility

Huobi Group, a leading digital currency company, through its subsidiary Huobi DM, has launched a new “partial liquidation” mechanism in a bid to protect Futures traders against risks during times of heavy plummets in the cryptocurrency markets, according to a press release. Huobi DM is digital assets derivatives trading platform of Huobi Group. The move to create this mechanism, which is quite similar to Wall Street Circuit breakers, is coming as a result of the most recent price plunge that...

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How to Seize What Might Be Unprecedented Crypto Buying Opportunity

Although it is true that most cryptocurrencies have experienced significant losses in recent weeks, similar losses have been seen on multiple occasions in the past, and the market has always bounced back stronger than before.The last month has been an interesting time for both cryptocurrency traders and holders, as the cryptocurrency market witnessed one of the biggest crashes in its brief history.As it stands, the vast majority of cryptocurrencies have lost more than 40% of their value in...

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Ripple Price Analysis: XRP Showing Signs Of Strength As It Pushes Towards $0.16

XRP saw a 7% price increase over the past 24 hours as it bounces back above $0.15.The cryptocurrency has been trading within a range between $0.136 and $0.161 over the past 7-days as it shows signs of stabilizing.Against Bitcoin, XRP has been falling this week as it failed to climb above 2850 SATS.Key Support & Resistance LevelsXRP/USD:Support: $0.136, $0.13, $0.12.Resistance: $0.161, $0.171, $0.182.XRP/BTC:Support: 2700 SAT, 2650 SAT, 2600 SAT.Resistance: 2750 SAT, 2800 SAT, 2850...

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Walmart (WMT) Stock Hits New Record, Adds 2.78% While the Whole Market Is in Red

For Walmart, the coronavirus outbreak has taken a beneficial turn, as the demand for some categories of goods and the number of deliveries have notably increased. This week, Walmart (WMT) stock cleared the 125.48 buy point.While the whole market is in the red because of coronavirus, Walmart Inc (NYSE: WMT) stock maintains its position. Moreover, it has managed to jump and reach a new high.On Wednesday, Walmart (WMT) stock got a second upgrade this week and cleared the 125.48 buy point. It...

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Square Will Operate Crypto Bank and Give Loans to Business

Square Bank will give loans to small business and corporations. It will also sell debts to third parties and engage in blockchain development.Twitter’s Jack Dorsey is a vivid supporter of Bitcoin as a technology. He was saying a lot of times that cryptocurrency is the future, pointing to the success of Bitcoin’s inception. The Federal Deposit Insurance Corporation (FDIC) initiated voting among the board members regarding Square. The company wants to put insurance on the holdings to loan. Per...

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